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  • #151,641
  • Jul 13, 2022 8:28am Jul 13, 2022 8:28am
Quoting Konichiwhaat
{quote} Just woke to see my trade did not trigger... missed this by about half a pip! {image}
Just got home to find the second attempt worked. A nice level
Attached Image (click to enlarge)
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Emotional Control. Process, not outcome.
  • #151,642
  • Jul 13, 2022 8:31am Jul 13, 2022 8:31am
Quoting Mitiblotch
{quote} 0.9900 is not even coming soon. Those prices will happen after some rejection near 1.05 area.
I'm curious to see if market will price that inflation is peaking with 9.1%
if so, dollar could sell off nicely in the coming weeks, or least stop rising, and risk on on markets
COT: The precious data ignored
  • #151,643
  • Jul 13, 2022 8:31am Jul 13, 2022 8:31am
sell stop 1.00060 and 0.99977 4H momentum is ripe for a new low attempt folks !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #151,644
  • Jul 13, 2022 8:33am Jul 13, 2022 8:33am
There are ambiguous conditions but it seems that you can smell more of a bear
Half of the time, the market is building resistance and support levels, and
  • #151,645
  • Edited 9:35am Jul 13, 2022 8:35am | Edited 9:35am
Quoting kuroro001
{quote} I'm curious to see if market will price that inflation is peaking with 9.1% if so, dollar could sell off nicely in the coming weeks, or least stop rising, and risk on on markets
Exactly! Then EU will keep accumulating around here. I have seen this kind of PA many times and it will force people to sell chaising the weakness and then boom! The bull comes. EU is in an undeniable downtrend, but these things work in cycles. The money selling this thing needs to bank some profit and then sell higher. No big money will commit to selling these multi decade lows.

1.03, 1.05 and maybe 1.06 then they smash it again, maybe. Moreover today is Wednesday and they may sell just to avoid paying hefty triple swaps on buys. But I think the temporary low is not too far. For me I'll say 0.9970 max.
  • #151,646
  • Jul 13, 2022 8:40am Jul 13, 2022 8:40am
And sold here 0029 ! As long as no major plays >0070, it is worth it for me!. Trend and momentum uncompromised still. At least till now..
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #151,647
  • Jul 13, 2022 8:51am Jul 13, 2022 8:51am
Quoting Mitiblotch
{quote} Exactly! Then EU will keep accumulating around here. I have seen this kind of PA many times and it will force people to sell chains the weakness and then boom! The bull comes. EU is in an undeniable downtrend, but these things work in cycles. The money selling this thing needs to bank some profit and then sell higher. No big money will commit to selling these multi decade lows. 1.03, 1.05 and maybe 1.06 then they smash it again, maybe. Moreover today is Wednesday and they may sell just to avoid paying hefty triple swaps on buys. But I think...
I agree with your analysis

And honestly selling near parity after such a steep drop is often a bad thing for a good RR trade (unless you scalp then so be it)

We'll see what happen the next few days...we may have some surprises and no see what people except after seeing that crazy inflation
COT: The precious data ignored
  • #151,648
  • Jul 13, 2022 8:51am Jul 13, 2022 8:51am
Quoting mtako
And sold here 0029 ! As long as no major plays >0070, it is worth it for me!. Trend and momentum uncompromised still. At least till now..
Smart to keep selling 1.0028 area... BUT if any H1 candle closes above it you better leave that

Best wishes brother
Focus only on what truly matters!
  • #151,649
  • Jul 13, 2022 8:52am Jul 13, 2022 8:52am
Quoting mtako
And sold here 0029 ! As long as no major plays >0070, it is worth it for me!. Trend and momentum uncompromised still. At least till now..
yes 0070 is my level too
high volume up there due to CPI release...above it and all selling volume would have been eating
COT: The precious data ignored
  • #151,650
  • Jul 13, 2022 8:55am Jul 13, 2022 8:55am
Quoting Mitiblotch
{quote} Exactly! Then EU will keep accumulating around here. I have seen this kind of PA many times and it will force people to sell chains the weakness and then boom! The bull comes. EU is in an undeniable downtrend, but these things work in cycles. The money selling this thing needs to bank some profit and then sell higher. No big money will commit to selling these multi decade lows. 1.03, 1.05 and maybe 1.06 then they smash it again, maybe. Moreover today is Wednesday and they may sell just to avoid paying hefty triple swaps on buys. But I think...
You are most probably right. Or perhaps this has already taken effect with the correction that just happened from .03 to 1.07s? I would understand if You are saying to yourself, boy is Mtako late for the party . Happens to me a lot ! As I shared live, I skipped selling for a whole +-3oopips before the first drop to .03, anticipating that possibility, which happened. I know there will be another one, perhaps like the one you describe, but also perhaps much lower still. Im thinking back up to .03 if bears fails to continue this incessant fall this week.

Mitiblotch, thanks a lot for the different perspective. You are giving me food for thought and it is refreshing. Cheers and cheers!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #151,651
  • Jul 13, 2022 9:07am Jul 13, 2022 9:07am
Quoting Ata-Turkoglu
{quote} Smart to keep selling 1.0028 area... BUT if any H1 candle closes above it you better leave that Best wishes brother
Thanks a lot for the best wishes ! Indeed, I agree for today. As my signature says, when I dont put SL and/or TP, its probably part of my longterm trading... To put it in perspective, as my shares show, Ive got my .11 to .09, then pause, then my .05 to .03., then pause. Now starting to add more... From time to time intraday and scalping(much less than usual as it is summer!).But most positions are for the longer-term still, and these rare conditions permit it, at least they do with my own approach. It is not good at all for some other types at other times, of course... Cheers mate, Its good to chat with you. I take this opportunity to wish you a nice summer.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #151,652
  • Jul 13, 2022 9:12am Jul 13, 2022 9:12am
Quoting Ata-Turkoglu
{quote} Smart to keep selling 1.0028 area... BUT if any H1 candle closes above it you better leave that Best wishes brother
You are absolutely right brother. I think until closing the current session, E/U might be in the range of 1.000 - 1.0040. We just have to follow the 1H candle closing time.
May Allah (swt) bless you.
  • #151,653
  • Jul 13, 2022 9:35am Jul 13, 2022 9:35am
Quoting hans91
{quote} almeja 800 pips a mais? estou errado?
4 orders 270 pips.
if the market reached order 0050, it would be 5 orders totaling 350 pips.
This rarely happens, when we are on the right side, we have to think as opportunities.
"No pain no gain"
  • #151,654
  • Jul 13, 2022 9:38am Jul 13, 2022 9:38am
Quoting mtako
{quote} Thanks a lot for the best wishes ! Indeed, I agree for today. As my signature says, when I dont put SL and/or TP, its probably part of my longterm trading... To put it in perspective, as my shares show, Ive got my .11 to .09, then pause, then my .05 to .03., then pause. Now starting to add more... From time to time intraday and scalping(much less than usual as it is summer!).But most positions are for the longer-term still, and these rare conditions permit it, at least they do with my own approach. It is not good at all for some...
You are the sharpest scalper I know. You scalp at high speed so I don't worry about your trades. Moreover EU rising slowly.
  • #151,655
  • Jul 13, 2022 9:43am Jul 13, 2022 9:43am
Attached Image (click to enlarge)
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"No pain no gain"
  • #151,656
  • Jul 13, 2022 9:46am Jul 13, 2022 9:46am
July '20 for the DXY rerun? Thoughts?
  • #151,657
  • Jul 13, 2022 9:52am Jul 13, 2022 9:52am
Quoting GreenJ
I would like to see it cross 1.0065 then next stop 1.01

Done
  • #151,658
  • Jul 13, 2022 9:52am Jul 13, 2022 9:52am
Moment of truth for the day for me ! Well done bulls ! sell stop .00995 and .0071

Quoting Mitiblotch
{quote} You are the sharpest scalper I know. You scalp at high speed so I don't worry about your trades. Moreover EU rising slowly.
Thanks a lot mate. Means a lot. I ve been holding myself back from sharing scalps because, even though I have great tools to assist me, most are entered or closed before I get to post or update... Most are actually ranging scalps and I prefer to share only 1 direction here for that reason, but also for other reasons, like it forces me away from ff to take a break when the other direction takes over Nonetheless, I was happy to share a few runs here in the past.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #151,659
  • Jul 13, 2022 9:55am Jul 13, 2022 9:55am
Boy... do I keep holding longs here or try to switch to a short? Action seems over run to the topside now.
  • #151,660
  • Jul 13, 2022 9:57am Jul 13, 2022 9:57am
This is what I would call the "delayed red bull effect"
Focus only on what truly matters!
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